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Paycom Software, Inc. (NYSE:PAYC) is a leading provider of cloud-based human capital management (HCM) technology, revolutionizing payroll and HR processes for businesses across the United States. Founded in 1998, Paycom has been at the forefront of online payroll innovation, offering comprehensive software-as-a-service (SaaS) solutions that liberate companies from traditional software constraints.
Headquartered in Oklahoma City, Paycom serves approximately 19,500 clients with employee counts ranging from 50 to 10,000. The company's core offering includes a robust payroll processing system seamlessly integrated with a wide array of HCM tools. These tools encompass time and attendance tracking, talent acquisition, HR management, and talent management, all within a single, easy-to-use online application.
Paycom's technology is designed to streamline and simplify complex HR tasks, improving efficiency and accuracy for businesses of all sizes. The company's growth trajectory has been impressive, fueled by its commitment to providing cutting-edge technology and superior customer service. With 36 sales teams spread across the country, Paycom has a significant presence in all 50 states, enabling it to cater to diverse business needs.
Recent achievements include the launch of new features and enhancements that further integrate and automate HR processes. Paycom is well-positioned for continued growth, thanks to its focus on innovation and customer satisfaction. The company's financial performance has been strong, reflecting its ability to attract and retain a growing client base.
In addition to its core business, Paycom actively forms strategic partnerships and collaborations to expand its offerings and market reach. These partnerships enable Paycom to stay ahead in a competitive landscape and continually deliver value to its customers.
Overall, Paycom Software, Inc. stands as a beacon of innovation in the HCM industry, helping businesses navigate the complexities of payroll and HR management with ease and efficiency.
Paycom Software, a leading provider of cloud-based human capital management (HCM) software, will announce its Q2 2024 financial results on July 31, 2024, after market close. The company will also host a conference call to discuss the results at 5 p.m. Eastern Time on the same day. Investors can access the call via dial-in numbers or webcast, with replays available until August 7, 2024.
Paycom Software, a leading provider of cloud-based human capital management software, has been recognized by Comparably in the categories of Best Career Growth and Best Leadership Teams. This is the third consecutive year Paycom has earned the Best Career Growth award. The acknowledgments are based on anonymous employee feedback collected over a 12-month period, emphasizing career advancement, mentorship, and leadership quality. Paycom's CEO, Chad Richison, attributes these recognitions to the company's focus on service, automation, and ROI for clients. Earlier this year, Paycom also received accolades for Best Sales Teams and Best Company Outlook, reinforcing its strong workplace culture and leadership. Paycom continues to expand, valuing diversity and offering numerous employee benefits, including affordable healthcare, fitness center access, and catered lunches.
Paycom Software (NYSE: PAYC), a top provider of cloud-based human capital management software, received two awards at the 11th Annual Globee Awards for Customer Excellence. The accolades were for their innovative Time-Off Requests tool, GONE, and their client setup and service teams. GONE, launched in late 2023, enhances automation in time-off management, integrating it seamlessly into scheduling, payroll, and attendance systems. Additionally, Paycom received a 2024 Excellence in Customer Service Award from Business Intelligence Group. This recognition underscores Paycom's commitment to exceptional client service and solution automation.
Paycom Software (NYSE: PAYC) announced significant leadership promotions. Randy Peck, a 20-year company veteran, has been named Chief Operating Officer. Jennifer Kraszewski, who joined in 2018, has been promoted to Chief Human Resources Officer. Matt Paque, previously general counsel, is now Chief Legal Officer. These leaders bring extensive experience and are expected to drive continued growth and innovation. Peck has more than 34 years in payroll and human capital management, Kraszewski has over 25 years in HR leadership, and Paque has over 20 years as an attorney. The promotions aim to enhance Paycom's workplace culture and client service.
Paycom Software, a major provider of cloud-based human capital management software, has announced its participation in the Baird Global Consumer, Technology & Services Conference. The event will take place on June 4 at 2:00 p.m. Eastern in New York City. A live webcast of the presentation will be accessible at investors.paycom.com under the 'Events' tab.
Paycom Software, Inc. (PAYC) is expanding its automated payroll services into Ireland with the introduction of Beti®, an employee payroll solution. This move follows recent expansions into Canada, Mexico, and the U.K., as well as the launch of Global HCM™. Paycom aims to offer its comprehensive HCM, payroll, and tax filing software to organizations in Ireland, showcasing its commitment to innovative technology and global employee empowerment.
Paycom Software, Inc. reported strong financial results for the first quarter of 2024, with total revenues of $500 million, an increase of 11% from the previous year. GAAP net income was $247 million, representing 49% of total revenues, or $4.37 per diluted share. Non-GAAP net income was $147 million, or $2.59 per diluted share. Adjusted EBITDA was $230 million, 46% of total revenues. The company remains focused on expanding automation capabilities and delivering value to clients.
Paycom Software, Inc. (PAYC) declared a quarterly cash dividend of $0.375 per share of common stock to be paid on June 10, 2024, to stockholders of record as of May 28, 2024.
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